DRAKE UNIVERSITY UNDER SCRUTINY BY STUDENTS FOR EMBEZZLEMENT SCHEME
Options now available for private and federal loan forgiveness
FOR-PROFIT COLLEGE HIRES QUESTIONABLE STAFF
A Brief Look
Drake University is a private, coeducational university located in Des Moines, Iowa. Drake has one of the twenty-five oldest law schools in the country as it was founded in 1881.
Drake – The Myth, The Legend
In September 2010, Drake launched the Distinctly Drake Campaign in order to meet the goals of “attracting and empowering the best and brightest students through $50 million for scholarship endowment, attracting and retaining the finest teachers, mentors and scholars.”
Despite the expectations set by Drake University, their faculty wasn’t all they were cut out to be. This school, which prides itself on a great reputation, managed to hire one Robert Alex Harlan who was the Director of Student accounts for 20 years who embezzled nearly half a million dollars. This has students very worried, and many are speculating that Predatory Lending Practices may have been involved.
GoodByeLoans work to assist students who’ve had a poor educational experience at non-profit and for-profit colleges alike with their federal and private student loans. “We understand exactly how hard it can be to cope with looming debts in the face of a struggling economy, and we’ve taken the time to thoroughly examine the systemic options of optimized repayment and/or loan forgiveness, so that you can take the shortest path to moving forward. This is by no means an intention to slander or defame colleges like Drake University in any way. There are enough credible sources that we felt prompted to take action and offer our insights to any student faced with overwhelming debt or institutional injustice.”
Cascade had been founded as Columbia Christian College in 1956. For several years, Columbia had serious financial difficulties. Partially as a consequence, its regional accreditation was revoked. The school’s board sought help from other colleges affiliated with Churches of Christ. Oklahoma Christian University agreed to fund the college as a branch campus. The newly renamed Cascade College opened in 1993 after its acceptance as a branch by Oklahoma Christian University
As a branch campus of Oklahoma Christian, Cascade College was accredited by The Higher Learning Commission of the North Central Association of Colleges and Schools and was authorized by the State of Oregon to offer and confer academic degrees.
Because of Cascade’s ongoing financial problems, Oklahoma Christian University closed Cascade at the end of the 2009 academic year. It may be hard for most students to pay off their student debt from a closed school. Luckily, the Obama Administration has made leaps and strides towards student loan forgiveness.
Some tech startups, like Goodbye Loans, work to assist students who’ve had experiences like these at colleges like Cascade College with their federal and private student loans. “We understand exactly how hard it can be to cope with looming debts in the face of a struggling economy, and we’ve taken the time to thoroughly examine the systemic options of optimized repayment and/or loan forgiveness, so that you can take the shortest path to moving forward. This is by no means an intention to slander or defame colleges like Cascade College or American College of Education in any way. There are enough credible sources that we felt prompted to take action and offer our insights to any student faced with overwhelming debt or institutional injustice.”
STUDENT LOAN FORGIVENESS
What is arguably the national crisis of total student loan debt currently exceeds 1 trillion dollars, according to a report by the Consumer Protection Bureau, and there have been widespread government initiatives to provide the opportunity for partial or total student loan forgiveness, as well as entrepreneurial social movement to provide real expediting services (at affordable prices for all), in the interests of restoring the balance of our economy.
Goodbye Loans is one service that helps students navigate the options and programs offered by the Department of Education, and provides real guidance for pursuing consolidation, reduction, and even total forgiveness of both federal and private student loans.
Because forgiveness applications can be so complex, services like Goodbye Loans provide a badly needed service to the thousands of Americans suffering from crippling, and in some cases unjust, student loans. Goodbye Loans’s core staff are dedicated young entrepreneurs, committed to providing a “smart fix” to this national problem, offering “no-strings” consultations, affordable pricing, and swift resolution. With more solutions-oriented services like Goodbye Loans entering the market place, it will be interesting to see what can be done about the national student loan debt, as well as the current lending practices of colleges like Drake University, accused by students of predatory practices and facing increasing transparency.
The Obama Student Loan Forgiveness is another alternative to the mountain of debt a borrower may have.